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Flagstar Bank 6.375% Fixed to Floating Rate Noncumulative Perpetual Preferred Stock

Coupon is fixed at 6.375% until 6/17/2027 after which it floats at the rate of 3 month Libor plus a spread of 3.821%.

Effective 10/25/2024 New York Community Bank (NYCB) is now Flagstar (FLG)

Ticker: FLG-A

Parent Ticker: FLG

OTC Grey Market Temporary Ticker: NA

Issuance Date: 03/10/2017

1st Call Date: 06/17/2027

Maturity Date: None

Shares Issued: 20,000,000

Overallotment Shares: 3,000,000

Coupon: 6.375%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.40

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 17

S&P Rating: B+

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: Ba1

Fitch Rating: NA